2007-02-05 13:07:09 · 3 answers · asked by DP0710 1 in Social Science ➔ Economics
A lot of economists think so. The theory is that the current account deficit is just a temporary swing of the pendulum. As America transitions into a full service economy and the dollar keeps falling the account deficit will disappear again.
2007-02-05 13:13:04 · answer #1 · answered by bergab_hase 3 · 0⤊ 0⤋
well its hard to say - you cannot really measure it against what was spent in previous wars - this one mushrooms above them all - so many aircraft carriers - sailors - planes - gas - salaries - families etc to pay for - the price of the high tech modern army of the us - the us army was designed to fight and win in a period of less than a year and it has gone on for more than three now. Take into account the shifts in jobs from the us to china and india also- that was not factor in nam - the loss of that huge tax base as more workers have to do service sector jobs in retail etc
2007-02-05 21:41:24 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I do not think so. But even more threatening is the 40 trillion in unfunded federal government obligations for Social Security, Medicare, etc. You can find much more information on the gao.gov website.
2007-02-05 21:13:12 · answer #3 · answered by kearneyconsulting 6 · 0⤊ 0⤋